Latest from Will Canny
FTX’s Crypto Liquidation Sales Unlikely to Cause Market Shock: Coinbase
The token sales won’t flood the market because liquidations are bound by volume limits, the report said.
Violet’s Decentralized Exchange Mauve Goes Live for Trading Compliant and Real World Assets
The DEX was developed in a direct response to the fallout from the collapse of crypto exchange FTX.
Nomura-Backed Custodian Komainu Adds Hidden Road to Crypto Collateral Management Platform
Hidden Road is the first provider offering digital prime brokerage services to join the ecosystem.
Coinbase to Face ‘Reality Check’ as Retail FOMO Is Fading, Mizuho Says
In a break with historical norms, the exchange’s volumes continue to fall even as the bitcoin price has risen, suggesting disengagement by retail customers, the report said.
Cryptocurrency Altcoin Crash Is Coming: Matrixport
FTX is not the only major seller of crypto assets, venture capital funds are also under pressure to return money to their investors, the report said.
SOMA Finance to Issue the First Retail Compliant Digital Security
The SOMA token will be a non-cumulative, participating preferred stock of SOMA.finance and will pay a dividend of up to 10% of profits.
Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo
The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.
Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein
The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.
Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan
For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
